3rd Industrial Revolution

1. The hammer man 2. The oil free machinery 3. Additive manufacturing is there in 3 d printing, just deposit material in the printer layer by layer and ger the product manufactured at home. 4. No need of economies of scale in 3 D printing 5. 3D printing is used in making parts for cars and covers of iphones, pair of shoes, hearing aid or a piece of jwellery. Just design a prototype and then produce in bulk. 6. The Volkswagen’s modularer querbaukasten by standardizing certain components such as mounting points of the engines, the companies can make all of the model on the same production line. So factories in different countries will make the cars themselves according to eh market requirement. 7. The automobile companies like NISSAN have said that now it requires less number of employees in manufacturing than the previous years, the reason is development of new ways for manufacturing because of which the cost of labor declines and the total production cost will diminishes too. With new manufacturing processes, now it will encourage the rich countries to start manufacturing with a small number of employees 8. Sometimes it will not be the machines only but microorganisms like Bacterias would be doing the manufacturing. 9. As manufacturing goes digital, the medium sized firms and individual entrepreneurs will have an opportunity and launching new products will become more easier. Social manufacturing: “Social production” is defined as the result of “the coordinated creative energy of large numbers of people (usually with the aid of the Internet) into large, meaningful projects, mostly without traditional hierarchical organization.” Example can be facebook and other online communities. 10. 1st Industrial revolution: mechanization of the textile industry began in Britain.
2nd industrial revolution: in Amercia with the era of mass production.
3rd industrial revolution: everything goes digital, less labor, no economies of